hi this is Charles hoskinson broadcasting live from warm sunny Colorado always warm Always Sunny sometimes Colorado today is February 14 2024 hard to believe it's already Valentine's Day and so happy Valentine's Day to all you lovers out there I wanted to make quick video talk a little bit about a drop that came today the state of cardano from our good friends at Missi this is actually a really good piece of work uh it was done by Red Shihan and I'm going to share it real quickly you'll see the link at the bottom of the screen but here's the actual report W and you have right here so key insights just dropped three hours ago tvl of cardano increased 160% quarter and quarters 693 per so this was throughout the year of uh 2023 from January to December 31st tvl ranking increased from 34th Place to 11th Place think about that stable coin value increased by 37% 673 per year on-year iusd Remain the market cap leader and there are others that are coming like usdm Ada price increased 127% quarter on quarter outpacing the overall crypto Market by 53% for you number go up crowd specifications for midnight were released uh such as use of substrate uh midnight is data protection Focus partner chain so they reference the partner chain and and they talk about core infrastructure sonon net Hydra mithil and other such things and it talks about how diverse the development ecosystem is input output DC spark mlabs the foundation amergo and many many more things here you can take a look at the average daily transactions the active addresses and how they've increased you take a look at the all the other metrics here it's not bad it's really not bad the network continues to grow and it continues to get more saturated it continues to look strong and there's always danger in doing this but real time let's go to e.org it's one of my favorite websites it's a real-time view of the cardano network so let's see what they're serving up for us today so while that's loading go back to the report and see Nakamoto coefficients looking good we're working on the EDI and uh they mention it they mention the participation in mithil by the way one number that's hidden here which is very prominent uh as 1694 gets adopted treasury balance 1.43 billion Ada today's market value that's about 6 861 million sitting in the cardano treasury ready to be deployed for the growth of cardano how about that we have a sovereign wealth fund for the ecosystem and going to e utxo you can take a look real time is stuff happening yeah one transaction 16 nfts issued 16 nfts you got your book IO right here you got a little bit of meld action you got some Sunday swap right there well yeah look at our boys with World mobile token how about that all that one transaction are these all the same company no but yet there're somehow batch there ain't that ain't that cool ain't that impressive got a script right here be2 script Ada a moving all these things so and that's a small block only 11 ktes were used there how about that so long and the short is that cardano is growing strong things are looking good uh I'm thank you for Masari uh for writing in a decent report and we look forward to Future reports but you got to widen the aperture and look at things on a year-by-year basis are we growing um is there adoption is there transaction volume is there depth growth growth in tvl is there growth in governance and decentralization of the system are the institutions getting stronger is there future planning $863 million is there ready to go for the community to start a budget process and start talking about it and get deployed uh next year and partially probably this year all those things are here and that's just the beginning because we got fast finality with uh oror Paris it's already in prototyping phase people are working real diligently hard a huge ecosystem of partner chains is going to work its way through and it allows us to have a huge diversity of uh of different technologies that we get to bring in from a best-in-class framework midnight is going to give us uh a huge leap frog in terms of our capabilities with zero knowledge and cardono gets all of that plutus V3 is the interoperability component that allows those things to move back and forth but Trestle CK bridges on the horizon and there's an enormous amount of research right now with Laos be published soon and uh that paper will basically have the entire road map for layer one sharding and explain how to do it and how to match or exceed the performance of best-in-class protocols that are highly centralized but we preserve and protect our decentralization as measured by EDI so when you get out of Reddit when you get out of Twitter when you widen the aperture and you look year by year the project by every metric you can look at is growing rapidly we're doing a good job as an ecosystem and I'm proud of every single person who really put in the effort in the work and there's a lot of very exciting things that either have just launched or on the horizon two launch and all those things are turning on and activating that's an established fact and you can look at the Masari point and see that report to see that as an established fact it's a healthy vibrant ecosystem but if you zoom in on the day-to- day and the day-to-day fights you don't really see it you don't really feel it um and you just get lost in the manua business is not meant to be done minute by minute day by day it's meant to be done quarter year decade and you have to build it takes time it took time for Amazon to go in 201 2011 and grow into the Juggernaut Behemoth it is and if you looked at any particular day things didn't necessarily look as rosy as they needed to be but the Visions there the first principles are there and there was the right people to execute and when we look at it there 's an enormous amount of work in intersect happening Real Time with the community highly engaged gargant amount of development work going on from many different companies a ton of dap development they're launching all the time and fundamental things are getting done in addition constitutions being written by the community discussions of a constitutional convention uh Civics committees talking about D best practices and code of conduct there's a bunch of people have sign up soncho net are testing and learning how to be DP the gov tool is there zp 95 is out it's being integrated many different wallets we're getting a lot of wallet Innovation inside the space and people are learning like genius yield and axo and others on how to use extended utxo properly which will be reflected in the designs of others you know future versions of Min Swap and future versions of Sunday swap great projects all across the board um and more to come and that's today and we're growing and growing and growing and growing so three years 5 years 10 years at that rate of growth you can see how vibrant of an ecosystem cardano is going to be if you disagree with hll and you think it's too bad of a language and too hard for developer adoption well you have plutus TS typescript to cardono to UPC to run on cardono you have aen which is a rest dialect so you now have diversity in your developer tooling your languages what's your excuse but again if you focus really narrowly in on what's being said on a daily basis um it's not accurate you say have to look at the trends you have to look at things and I'm very glad that a report came out that actually shows a lot of encouraging positive things and it's a good way to close the year and I'm very glad that we have that because we as a community should be congratulated for the enormous effort to build in a bare Market under constant criticism uh and have on the other side something better than what we left and this is going to be by far our most productive year as a project every single entity is firing on all cylinders we're learning and growing together so thank you for that and uh to the rest of the space well you can just watch us as we continue to succeed and uh continue to grow and there's a lot of great Partnerships to make uh we've already reached out to many I was in a vchain uh uh xace recently uh definitely have lots of great relationships in the ALR Community U obviously partner chain brings in the whole PKA do ecosystem and a lot of great collaborations discussions we had a summit in Scotland just a few weeks ago in Edinburgh uh qig for Quantum signatures with the ethereum foundation potentially some uh collaboration Outreach that can be done uh there uh so overall there's many different things that are happening and more things to come uh the Africa portfolio is looking incredible under John oconor real fi has really cessed six years of learning across the continent to a product Suite that lives uh realizes a dream that I've had for over a decade that people should be able to get access to lowcost credit and be their own bank you know the economic identity and agency tler prism has moved over to hyperledger uh it's now hyperledger open source project how about that right there with IBM and on the rest of the gang uh and so our identity framework the Apache 2 framework which it's under pachy 2 license it's ready to go and people are using it prison Pioneers people are starting to build uh their use this self- Sovereign stack for their applications and that's just today it's here reflect is doing a great job uh they have a lot of cool things coming soon uh that I think people are going be very happy about especially cross chain plays game portfolio that's being constructed uh the digital twins idea is really starting to take shape as you guys saw nft XLV a lot of community events are starting to merge and come together and uh cooperate work with each other catalyst is going incredibly strong uh and it continues to strengthen and it's going to be fun to merge Catalyst into the budgeting process and figure out how to get those two sides together uh and the community is going to come together and create a 2025 cardonal budget this year which will open up that Sovereign wealth fund which has nearly 900 million dollars at the current price and allow that to be used for the Goodwill and growth of cardano so this is a strong and healthy and vibrant project with so many great leaders uh who wake up every sing SLE day and they make this their their first thing that they do and they love being here as do I and we're going to keep uh chipping away at it we're going to keep building and I'm very excited about the future so it's nice to see a report like this that reflects that thanks everyone
